Foreign National Loans - Stated Income, Verified Assets

July 20, 2009 - PRLog -- 1st Capital Group LLC, a Florida mortgage and investment company, has been operating a foreign national mortgage division for about eight months. Foreign national mortgage division is designed to provide mortgage services to the Foreign National Borrowers planning to purchase properties in the USA. Foreign National Mortgage Division is run by Cinthia Lopez, Operations Manager of the 1st Capital Group.
Miss Lopez states: “This division is doing business (dba) as FOREIGNATIONALMORTGAGE.COM since February of 2009. We have concentrated all of our resources and efforts to provide the best quality service to our foreign national clients. Since the beginning we have provided the best rates, terms and diversity of foreign national mortgage loan products to satisfy the needs of our clients. Conforming size foreign national loan program that we are announcing today will give our clients even better terms and the best rates ever as far as foreign national mortgages are concerned. Also, our website www.foreignationalmortgage.com  provides information exclusively to our foreign national clients”.
Nick Lazarevic, CEO and founder of 1st Capital Group is not hiding his excitement about new program:
” I have been involved in foreign national mortgages for over ten years and this is by far the best program we can offer. I used to be happy to provide loans with 8% to 9% interest rate to my foreign clients”.
Miss Lopez goes further and explains details and requirements of a new program.

“Loan details are:
•   30% Down Payment
•   5.75% to 6.75% Interest Rates
•   Term, 30 years fixed
•   Loan amounts up to $417,000
•   Up to 6% sellers contribution allowed
•   No prepayment penalty
•   Property can be purchased in the name of a domestic LLC
•   Closing in 30 to 40 days

Loan requirements are:

•   Copy of passport
•   3 personal Credit References (Credit card, Mortgage, Car lease, Landlord Letter, Utility bill)
•   If self employed accountant letter or employer letter
•   Last 2 months bank statements showing enough funds for 30% down payment plus 6 months payment reserves
•   Need to open checking account with US Bank (need direct debit set up for a mortgage payment)
•   Copy of a purchase agreement

Considering affordability of real estate and present currency exchange rate it seems the best time ever for a foreign nationals to purchase real estate in the United States” Miss. Lopez concludes.

For more information or to schedule an interview with Cinthia Lopez or Lori Garlet please call
877-357-3838 or email at info@foreignnationalsmortgage.com, or you can visit one of our website
WWW.FOREIGNATIONALMORTAGE.COM or WWW.1ST-CAPITALGROUP.COM.